Rheinmetall To Build Vehicle Assembly Plant In Algeria

Germany has approved plans allowing Rheinmetall to deliver an armored vehicle assembly plant to Algeria, Forecast International reported Tuesday.

Rheinmetall's delivery to Algeria includes a production line to assemble the Fuchs armored vehicle, as well as other parts valued at more than $37 million.

The planned factory is to build nearly 1,000 armored vehicles and parts will be exported to the country, where workers will assemble them. It was earlier reported that 980 Fuchs 2 vehicles will be built as part of a $3.6 billion deal.

Algeria has agreed not to sell the vehicles to other countries.

Meanwhile, Rheinmetall is also looking to establish a Development Center in South Africa to develop munitions for various international clients and is currently in talks with a potential launch customer.

The new Rheinmetall Development Center will develop munitions ranging from grenades, mortars and artillery shells to rockets and other munitions.